Shares in Irish house builder Glenveagh Properties get welcome respite

Shares in Glenveagh Properties — one of the two stockmarket-listed home builders that have included Cork, Limerick, and Galway in their build plans — rose slightly as the company told its annual shareholders’ meeting it had effectively hit its full-year sales target seven months early.

Shareholders were told the builder had tapped “strong” demand from first-time buyers in the spring buying season for developments around Dublin, and paid €24m for further lands in the greater Dublin area which could deliver a combined 375 homes in the future.